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2018 Alaska Statutes
Title 16. Fish and Game
Chapter 10. Fisheries and Fishing Regulations
Article 8. Commercial Fishing Loan Act.
Sec. 16.10.342. Foreclosure expense account.
Universal Citation: AK Stat § 16.10.342 (2018)
(a) There is established as a special account within the commercial fishing revolving loan fund the foreclosure expense account.
(b) [Repealed, § 72 ch 113 SLA 1982.]
(c) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans granted under AS 16.10.300 — 16.10.370 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
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